20FEB2012: Demand for gold reached 14 year highs in 2011 with China taking major steps towards becoming the world’s largest consumer of the yellow metal. Global gold consumption in 2011 was up more than 500% over 2010 global gold consumption, with central banks also becoming major buyers of gold bullion. Strong investment demand and a government that encourages its citizens to buy gold however has thrust China into a position where their annual gold consumption could exceed that of India, which has caught even some insiders at the World Gold Council by surprise.
Central banks purchased nearly 450 tonnes of gold in 2011, the most since 1971, when we officially went off of the gold standard. An important trend to watch is the fact that many Asian and Latin American economies have been investing heavily in gold these past few years, and have coincidentally been enjoying robust economies. The European debt crisis has caused investors worldwide to take notice of gold and silver prices, with gold recording an all-time high of $1,920 oz, and silver nearly reaching $50 oz in 2011. This trend will likely continue in 2012 with central banks taking the financial high road away from the dollar.
Last week hedge-fund manager John Paulson raised a few eyebrows when he said it is time to buy gold as protection against inflation caused by profligate government spending. Keep in mind Paulson is the largest investor in the ETF, SPDR Gold Trust, in the world however, there are many others who are bullish about gold that are not your “typical” bullish about gold kind of people. The World Gold Council said last week they expect global demand to possibly exceed the 2011 consumption. Paulson`s advise is, “begin building your position (before) the inflation sets in, before it is too late”
We have seen countries like China and India, as well as many other countries increase their gold and silver bullion holdings in the past year, exceeding the World Gold Councils estimates. Central banks are buying gold and silver bullion faster than they have in 40 years, with no signs they will discontinue these policies anytime soon. Many financial institutions here in America are bullish about precious metals even though it goes against what they recommend. Even billionaire hedge-fund managers are getting involved touting gold as the best defense against the inflation that is coming our way. The message is clear: gold and silver bullion is critical to economic survival!
A major source of objection to a free economy is precisely that group thinks they ought to want. Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman
Once you have decided it’s time to move some of your money into gold and silver bullion for safe keeping, may we suggest you keep it simple. We recommend a combination of gold and silver bullion bars, and gold and silver bullion coins, certified by the government, or from a small handful of private mints. When you purchase gold and silver bullion products that meet these high standards, you can be guaranteed that not only is your wealth protected, gold and silver bullion products that meet these high standards are easy to liquidate.
In a sense you are serving as your own bank or financial institution, and for this reason it is important that you properly store and protect your gold and silver bullion investments. We highly recommend a private “safe”, or a secure place in your home where the metals can be stored. Many investors prefer to keep gold and silver bullion information and the whereabouts concerning their gold and silver bullion holdings in their safety deposit box, but only store their metals in a place where they have ultimate control over the assets. We feel strongly that you keep any information pertaining to your precious metals holdings private to only you and those who you feel “need to know”.
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
13FEB2012: Platinum moved higher last week gaining nearly $33 per oz while gold and silver remained nearly even last week. Gold finished the week at $1,723.96 oz (-$0.86oz), Silver: $33.50 oz (-$0.08oz) Platinum: $1.663.35(+$33.00oz) and Palladium: $705.00 oz (-2.00 oz)
We expect to see major developments this week that should help metals move higher. For starters the situation in Greece, where the latest austerity package has Greek`s rioting in the streets. These hard working people saved for retirement their entire lives only to be wiped out by bankers and politicians who took unnecessary risks with their money. For the people of Greece who put 25% of their retirement dollars into gold and silver 5 years ago, when the situation in Greece looked suspiciously like ours here in the United States today, a chance to reflect on a terrible situation. For the Greek`s who ignored the warnings 5 years ago, what could have been!
Here in the United States, San Francisco Fed President John Williams said last week the Fed may be forced to purchase mortgage-backed securities if the economy slows. Williams said, “I expect the pace of economic growth to be frustratingly slow and unemployment to remain high for years to come.” What this statement really means is we will be inflating the dollar – guaranteed! Quantitative Easing #3 is more about the “when” than the “if”. Every day in the news we get subtle warnings about the inflation to come and the consequences that go with it.
The IRAN drama may potentially be this week’s top story with Iranian President Mahmoud Ahmadinejad planning a major announcement regarding its nuclear program. IRAN is a renegade nation that supports terrorism, and is deeply committed to its nuclear program. The Pentagon just last week authorized the purchase of 20, 35K lb. bunker buster bombs capable of penetrating the Iranian nuclear facilities located deep within a mountain range. A major Middle Eastern war seems inevitable.
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
Milton Friedman
Gold bullion and silver bullion has always been considered a private way to protect wealth. For the majority of Americans however, owning gold and silver bullion is completely foreign. Most people have a hard time making the connection between gold, and money. One thing we can say with certainty: Over the course of the next 5 years every American will be familiar with the benefits of owning gold and silver bullion, or not!
The way to stop financial “joy-riding” is to arrest the chauffeur, not the automobile.
Woodrow Wilson
One question we hear plenty is that our government could, or has confiscated gold and silver bullion. We feel the chance that this will ever happen again is highly remote. Not to say that it couldn’t happen but if it did, there simply isn’t enough gold and silver in our vaults to do much good.
Gold Confiscation in America: (repost)
The Roaring Twenties saw Americans prosper like never before in American history. But in 1929 the stock market crashed marking the beginning of the Great Depression, which would last until 1941. Near the end of the Roaring Twenties, America saw substantial amounts of monetary and credit inflation. Because the US dollar was directly linked to gold at the time, the United States governments gold reserves ran thin, and as a result of the inflation the dollar got trounced. The US government chose to revalue the dollar but with so much gold in circulation, something would have to change.
The United States’ economy was in a state of national emergency. On April 5th 1933, newly elected President Franklin Delano Roosevelt mandated Executive Order 6102. With FDR`s efforts to revalue the dollar, it would have been impossible for the dollar and gold coinage to circulate side by side, so the decision was made to call in all the gold coinage in circulation. The citizens screamed foul that such an act was not constitutional. Section 9 of Executive Order 6102, states that whoever willfully violates any provision of Executive Order 6102, would be fined by as much as $10,000, imprisoned for up to 10 years, or both. It was later estimated that only 25% of the gold coins privately held by US citizens were ever recovered.
Could such a violation of our rights ever happen again in America? The answer is a most emphatic yes. When FDR exercised his presidential authority to confiscate gold, he did it under the guise of a national emergency. The people who did forfeit their gold coinage were under paid and sent along their way. Soon after the gold was confiscated, the price was arbitrarily set at $35 ounce from its previous level of $20 ounce. In 1971 with the official end of the Bretton Woods system, gold was officially removed from our monetary system for good and the dollar officially became a fiat currency.
Today in America there is a threat to the economy much like the Wall Street crash of 1929, and the Great Depression. We are once again near a state of national emergency as our political leaders hopelessly struggle for answers. The world recognizes the United States and its dollar, is no longer the safe haven it used to be. Full faith and credit has gone by the wayside as investors once again privately consider hoarding gold and silver bullion much like in 1933. If the dollar falls, the United States government will be forced to tap whatever resources it can. A likely target would be the gold and silver bullion held by its citizens both publicly and privately.
Today`s situation differs from that of 1933 in that there isn’t enough above ground gold available to bail us out this time, so another round of confiscation would do little good. That being said there is more than enough gold and silver bullion publicly and privately held in our vaults to satisfy the thirsts of those who collect it, for our better good of course. For those who make a living selling, “gold coins having recognized special value to collectors of rare and unusual coins” there is no such thing as a loophole in the laws and by instructing your clients differently is blatant ignorance and fraud. The bottom line is if they want it badly enough exemptions won’t matter! And if the US government decides to confiscate gold again, may God Bless the United States of America!
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
Private Bullion, a precious metals broker/dealer, is pleased to announce the recent launch of a functional free Gold & Silver Calculator into their website.
February 02, 2012 – Minneapolis, MN – Private Bullion, Midwest Bullion Exchange, Inc., a professional precious metals broker/dealer providing extensive industry experience to assist customers in making educated financial decisions, has just launched a new free online tool: the Gold & Silver Calculator.
The Gold & Silver Calculator allows users to instantly see the side by side historical investment benefit of gold, silver, the Dow, S&P, saving accounts and compare those to inflation. To use the calculator users just enter an investment amount and the date invested and immediately can see how that investment would have performed. The Gold & Silver Calculator combines extensive historical records for the markets with daily automatic updates to show the performance of the markets against current price data.
By encouraging customers to explore various resources, such as the Gold & Silver Calculator, Private Bullion provides increased opportunities for the development of customer trust and confidence.
This is just the latest of the many resources that Private Bullion has made available for their customers at www.privatebullion.com. Online information and investment tools combined with industry experience and training can provide customers with increased confidence in making important investment decisions.
About Private Bullion
Private Bullion, Midwest Bullion Exchange, Inc., offers customer-centered service for the exchange of precious metals. The company provides experienced management and broker services for customers looking to pursue investments in gold, silver, platinum, and palladium markets. Private Bullion can ensure secure transactions using state-of-the-art security software and industry best practices. The company provides full disclosure on the pricing of almost every product they offer. More information about Private Bullion is available online at www.privatebullion.com or by calling 888-928-3390.
Press Contact:
Private Bullion
Midwest Bullion Exchange, Inc.
www.privatebullion.com
PO Box 73
Long Lake,MN 55356
888-928-3390
01FEB2012: The recent uptick in gold and silver prices shouldn’t come as such a big surprise based on the global economic landscape, but for the critic’s gold and silver has been a huge pain in the neck. Many of these critics proclaimed back in August of last year that gold and silver’s stellar eleven year run was over. Instead, gold and silver has continued to prove its resiliency and has become the “currency” of choice for many nations that have lost their allegiance to the US dollar. What this means is the world is slowly migrating away from the US dollar, and in the direction of a more universal and relevant medium for trade and exchange. If the dollar losses its status as the global reserve currency, it becomes weaker making the costs for the most basic goods and services, the necessities we need to survive more expensive. Investing in gold and silver bullion denies access to your money by politicians and Wall Street market makers who need your money to survive, and furthermore denies the slow and systemic confiscation of you guessed it, your money!
Most Americans who have worked hard to accumulate wealth for retirement are under tremendous attack and have little chance of surviving a full blown currency crisis. We are at a crossroads where mathematically we have little (and I man little) chance to even make the interest payments on our national debt unless we continue to inflate. The United States is now officially upside down in debt, which means we are basically insolvent. No one seems to have a plan to balance our national budget and cut spending that is projected to cost taxpayers another trillion dollars in 2012, putting us even deeper in the red. The Obama administration has turned the US economy into a pseudo western European economy, running our national debt from 9 trillion in 2008, to a projected 16 trillion by the time of the elections this fall. Now consider for a moment it took more than 200 years, numerous world wars and 43 presidents to run our national debt to 9 trillion. It has been projected at the current pace our national debt will eclipse 25 trillion by the end of this decade.
In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated. If the world is lucky enough to enjoy peace, it may even one day make the discovery, to the horror of doctrinaire free-enterprisers and doctrinaire planners alike, that what is called capitalism and what is called socialism are both capable of working quite well.
John Kenneth Galbraith
The Precious Metals IRA
As a Better Business Bureau accredited precious metals dealer, Private Bullion works regularly with investors who want to buy bullion for their Precious Metals IRA, sometimes referred to as a Golden IRA. The increasingly popular Precious Metals IRA (also known as a PM IRA) is an IRS recognized savings method that allows investors to add physical gold or silver bullion to their IRA savings accounts.
Setting up a Precious Metals IRA is simple and requires very little time or effort. Many of these Precious Metals IRA programs are tax-free and tax-deferred and include programs like the Health Savings Account (HSA), which allow you to set aside funds for future health care expenses. Other plans include the Traditional IRA and the Roth IRA, Simple and Sep IRA`s as well as 401K`s. IRS restrictions require that your metals are stored at a federally approved storage facility, which is fully insured.
Contact us for a free personal consultation. This program is safe and gives you advantages other traditional retirement plans do not!
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
The 2011 1oz Canadian Gold Mountie Maple Leaf coin was a special release by the Royal Canadian Mint and honors the Royal Canadian Mounted Police. Not only is this coin beautiful, it is the purest gold coin ever produced by a government mint (.99999 fine gold). This remarkable 1oz gold coin features Queen Elizabeth II on the front with a “Mountie” on horseback carrying the Canadian flag on the reverse.
Quantities are limited, BUY NOW!
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
22JAN2012: Gold added nearly $25 oz last week to close at $1,667.19 oz while silver gained $2.81 oz to finish strong at $32.33 oz. Our new investors these past few weeks hands down are concerned about the safety of the US dollar, the state of the US economy and our political leadership. Our advice calls for an immediate reduction in US dollar denominated assets and a healthy conversion into physical gold and silver bullion products certified by the US Mint, the Royal Canadian Mint and the Perth Mint to name just a few. The old time saying, “better to have it and not need it, than need it and not have it” I am convinced was written with gold and silver bullion in mind. Since when is it ok to not protect yourself from danger? We have insurance for nearly everything. I go to Best Buy to buy my wife a new electrical gadget and they sell me insurance. We have insurance for our house, cars, health and life. Doesn’t it just make sense to have insurance for your wealth?
We have a government addicted to spending our money and we just seem to accept it. Case in point, consider the breaking news last week when our national debt eclipsed our GDP. This in itself proves our point but to add insult to injury, our national debt will continue to rise faster than our income, forever. It has been estimated in ten years our national debt will be more than 25 trillion. They are rolling the dice with our money and there is little we can do about it. The people we are supposed to trust the most are the ones who can be hardly trusted. This problem hits retirees the hardest who are living on a fixed income and unable to start over. Nine out of ten of the 80 million baby boomers (of which the oldest are currently 67 yrs old) will not economically survive another crash like 2008 or worse based on their current asset allocations.
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
William E. Simon
If you converted 20% of your assets into gold or silver bullion in 2008 when the market crashed, and decided to sell at today’s price you would have a nearly 2:1 profit on that investment. (See special calculator) In 2008 we were able to recover from the crash in part by the fed’s decision to intervene. Its these decisions that have us in the predicament were in, and until we can stand as a nation as one and fight back? We will continue to get less in return for what many of us have sacrificed a lifetime for.
Recommendation: We continue our steadfast recommendation at this time to maintain a minimum 20% physical position in primarily certified gold and silver products from the US Mint, Royal Canadian Mint, and Perth Mint to name just a few.
2012 1oz Gold Chinese Pandas
One of the most popular gold coins available today is the 1 oz gold Chinese Panda. Beginning in 1982, the People`s Republic of China began minting pure .999 fine gold bullion coins available in 1 oz, ½ oz, ¼ oz, and 1/10th oz sizes. The obverse features the Temple of Heaven in Beijing. The reverse design portrays the beloved Panda.
If you have any interest in buying 2012 1 oz Gold Chinese Pandas or any other gold or silver bullion coins or bullion bars kindly drop us a note at: info@privatebullion.com
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
10JAN2012: US debt levels have eclipsed our nation’s debt threshold, an event President Obama himself warned in 2010 would eventually lead to the collapse of the US economy. What this means is all of our debt combined is equal to everything we produce in a single year’s time in gross revenues. In other words if the government collected every single American taxpayer`s paycheck every week for 1 full year, we could pay off the amount that we now officially owe. Treasury Department records show we have added nearly 5 trillion dollars to our national debt since 2008 alone, and will be more than 16 trillion in debt total by the time the elections roll around later this year. In America we spend more money than we earn, and scenarios like this have played out time and again throughout history with the same ugly outcome. I am definitely not trying to cry wolf here but at least allow me the indulgence of going out on a limb by asking the question? Are we financially bankrupt as a nation?
Where does this leave us today? Well for starters anything long term issued by the federal government of the United States may not be such a safe bet, just saying. Much of the nearly 9 trillion dollars (US) sitting in IRA`s is completely exposed to the US dollar in one form or another. The dollar has lured investors worldwide and has seen one of its best years in a while only because everyone else is in trouble. Long term projections predict the debt will continue growing faster than the economy, and for our economy to keep pace with this runaway debt train, we will need to see sustained growth of 5% or higher annually, indefinitely. If you’re looking down the road 10 years from now consider for a moment that our debt by then will be in the neighborhood of 25 trillion.
Recommendation: Maintain a minimum 20% physical position in certified gold and silver bullion in the form of bars and coins. If you have an IRA we recommend you request your free Precious Metals IRA kit, and learn the facts about a program I can virtually guarantee they dont talk about on Wall Street.
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy. Milton Friedman
2012 American Gold and Silver Eagles NOW AVAILABLE!!! 2012 American Gold Eagles and 2012 American Silver Eagles are the most popular investment grade bullion coins on the planet. These bullion coins are brand new and freshly minted by the US Mint. Right now you can buy 2012 American Silver Eagles for just $2.79 over spot or you can buy 2012 American Gold Eagles for just $69.95 over spot when you call 888-928 3390, or email: info@privatebullion.com and mention this post.
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
27DEC2011: Precious metals fever hit many investors for the first time in 2011, and in many cases these investors stuck out their necks a country mile going against deeply ingrained beliefs and principals to acquire their new highly praised assets. Many of these new investors came on board with the belief it was absolutely the best time and safest place to park precious retirement dollars for safe keeping. This wave of bullion investor was gearing up for “the big one”, the greatest financial meltdown of our time that many of today’s most highly respected economists speak of daily. In August of this year (2011) gold hit an all – time high of roughly $1,925.00 oz, as we were facing a credit downgrade, the debt ceiling debate and the probable end of the US dollar. Since then however we have seen the miraculous recovery of the US dollar, the debt ceiling debate kicked down the road a bit further and our downgraded credit rating become a non factor.
When you consider how gold has pulled back 15% from its all – time high in August 2011, it is important to remember gold is still more than 10% higher today than a year ago at this time. Not only that the whole point of owning gold and silver bullion in the first place is to avoid having conversations like this where we are constantly looking over our shoulders, worrying. Gold and silver bullion is so unique, such a perfect form of “money” that you can virtually put it in a safe place and just forget about it. Regardless of the circumstances today or ten years from now, it’s a safe bet whatever dollars you hope to protect in gold or silver bullion will remain intact, when compared to its equivalence in goods or services, “whenever!”. For some families who have been able to accumulate gold and silver bullion over time, the torch will someday be passed to the next generation unless, the unthinkable takes place.
Today, we are at a place in time where it may be too late to fix this particular (debt) problem. The truth is we have created too much money out of thin air, to the point where inflation will surely become a serious issue down the road. In 1980 when gold hit $850oz., there was still enough gold above ground to back all the currency in circulation. Based on the total amount of currency in circulation as of December 2011, the price of gold per ounce today should be more than $15,000.00 ounce!!! We are actually seeing the greatest transfer of wealth in the history of mankind with baby boomers standing to lose the most. Unfortunately much of the wealth the boomers inherited from their hardworking parents or earned themselves has been squandered on lousy stock tips, BMW’s and sailboats.
In a nutshell, gold and silver bullion has been considered money for thousands of years, and that’s not going to change anytime soon. The reason gold and silver bullion is part of the conversation these days, is not exactly convenient for the federal government or the Federal Reserve Bank in fact quite the opposite. You see when people start paying more attention to gold and silver bullion than they do the US dollar, (instrument of debt) it will be the end of the US dollar for good. Obviously this system is in trouble and if you find yourself top heavy in US dollars with no private gold and silver bullion holdings, the next decade could be a painful learning experience.
Our advice: Maintain a “defensive” 20% minimum physical position (investment grade gold & silver bullion) and plan on holding indefinitely. And buy those dips!
A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation.
Ross Perot
Perth Mint Gold:
Australia`s Perth Mint produces some of the highest quality investment grade gold and silver bullion bars and coins available today. Founded in 1899 as a branch of Britain`s famed Royal Mint, it was acquired by the state government of Western Australia in 1970. The Perth Mint is responsible for manufacturing most of Australia`s legal tender gold and silver coins such as the Australian Nugget gold coins, Australian Platinum Koala coins and the highly popular Australian Silver Kookaburra coins and bullion.
At Midwest Bullion Exchange, Inc. we highly recommend gold bars produced by the Perth Mint for many reasons. For starters there is a wide range of sizes beginning with the 5 gram gold bar, 10 gram gold bar, 20 gram gold bar, 1 ounce gold bar and the 10 ounce gold bar. These bars are struck from 99.99% pure gold and bear the distinctive symbol of the Mint`s famed majestic swan. The back of each bar is stamped with the image of a kangaroo, native inhabitants of Australia`s “outback” where most of Australia`s gold is mined.
Whether you are interested in putting gold into a precious metals IRA or prefer a private physical holding of gold bullion, Perth Mint gold bars are a solid choice.
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
12DEC2011: The situation in Europe is becoming more volatile by the minute as policy makers struggle to agree on a bailout package that at the end of the day is nothing more than a short term fix and just kicks the “proverbial” can down the street a little farther. The problem with this strategy is that the can has become too big to kick. This becomes a major problem for the United States when the banks and financial institutions of Europe can no longer meet their financial obligations.
If the Bank of Greece is officially bankrupt it would have an immediate impact on Spain and Italy, which would be catastrophic for France. If this scenario unfolds, the consequences here for the American banks would be very grim at best. A worst case scenario would occur for the American banks with the highest amount of exposure to toxic foreign debt. These banks would be in immediate danger of default with the clientele suffering the brunt of the losses. Folks we are talking about some of the biggest banks on the planet, the ones you hear about being too big to fail, failing!
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Ronald Reagan
90% Junk Silver:
Value, safety, convenience, these are just a few of the first words that come to mind when the topic of 90% junk silver is mentioned. Prior to 1965, coins minted by the United States Mint contained 90 pure silver. A full bag of 90% junk silver is any combination of dimes, quarters, half dollars or dollars with $1000.00 “face value”. For example, 5000 90% silver dimes and 2000 90% silver quarters would be the equivalence of $1000.00 “face value”, and would be considered a full bag. Each full bag of 90% junk silver coins contains approximately 715 ounces of pure silver and weighs 56 lbs.
When you buy 90% junk silver coins, you have silver in a smaller increment that is easily recognized as money, and can still actually be used today anywhere in America as spendable currency. The premiums over the spot price for junk silver are low which makes it not only affordable but practical. If you like the advantage of owning silver bullion that is easy for trade and barter, buying junk silver is an excellent choice. When you decide to buy junk silver coins, you can purchase in the following increments: full bag $1,000 face value of junk silver coins, or a small bag $100 face value of junk silver coins.
90% Junk Silver Dimes
- Liberty Head (Barber):1892-1915 (.07234 oz. pure silver coin)
- Winged Liberty Head(Mercury): 1916-1945 (.07234 oz. pure silver coin)
- Roosevelt 1946-1964: (.07234oz. pure silver coin)
90% Junk Silver Quarters
- Liberty Head (Barber):1892-1916 (.18084 oz. pure silver coin)
- Standing Liberty: 1916-1930(.18084 oz. pure silver coin)
- Washington 1932, 1934-1964:(.18084 oz. pure silver coin)
90% Junk Silver Half Dollars
- Liberty Head (Barber):1892-1915 (.36169 oz. pure silver coin)
- Walking Liberty: 1916-1947(.36169 oz. pure silver coin)
- Franklin: 1948-1963 (.36169oz. pure silver coin)
- Kennedy: 1964 (.36169 oz.pure silver coin)
- Kennedy: (40% silver)1965-1970 (.209 oz. pure silver coin)
90% Junk Silver Dollars
- Morgan: 1878-1921 (.77344 oz.pure silver coin)
- Peace: 1921-1928 and1934-1935 (.77344 oz. pure silver coin)
For the rest of 2011, receive free shipping for any 90% junk silver bags you purchase when you mention this posting.
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
05DEC2011: The European debt crises has once again dominated the news, where the probability that the European Union will disintegrate grows stronger by the day. As expected the global banking leaders have engineered a way to prop up the financial markets by lowering the dollar swap ratios, which in and of itself begs one to ask the question: what in the hell is really going on? The debt crises situation in Europe promises to be catastrophic, a true black swan event of black swan events, and yet many financial institutions and private investors feel safe as long as they have a percentage of their holdings in the greenback, they can maintain the status quo. And if you happen to be one of those sitting in US dollars short term we get it, the US dollar actually doesn’t look half bad if your portfolio is dominated by EURO`s. But not unlike musical chairs, the key is not putting yourself in a position you can`t get out of when the music stops! You may also want to keep in mind the United States of America`s debt situation is every bit as bad as Europe`s, but for today it’s just the lesser evil. One thing that is certain, the European Union is finished!
“I believe that banking institutions are more dangerous to our liberties than standing armies.”
Thomas Jefferson
Now for a minute consider the health of the banks here in the United States, and remember how most banks are globally interconnected through bad derivatives and other instruments of debt. This year alone we have seen ninety banks in the U.S. close their doors. Since 2007 we have seen hundreds of banks fail with “thousands” of banks at or near insolvency nationwide. A couple weeks ago the Federal Reserve Bank ordered “stress tests” on the 31 largest U.S. banks with assets of $50 billion or more, to try and gauge their ability to survive a banking meltdown. Six of the larger banks reported to be: Bank of America, Citigroup, JP Morgan Chase, Morgan Stanley, Wells Fargo, and Goldman Sachs will undergo more extreme testing. It is vital that the banking system maintains the complete trust and confidence of the citizens of our country to thrive.
A negative report could shatter the trust and confidence we have in our banking system. Most Americans assume the banks are the safest place to store and protect wealth because they are backed by the government. What people don’t realize is that the FDIC is under tremendous pressure to fund and process so many new claims. It has been estimated there are many, many more banks underwater however the manpower doesn’t exist to close them. The fundamentals of the fractional banking system, where only a fraction of the total deposits is kept in reserve, means that in the event of an emergency (see bank holiday) you may not be able to access any cash you have in your bank account. This insidious system has crippled the planet with debt and gridlock but has created vast amounts of wealth on paper for the banks. Isn’t it strange that you never really hear much about the health of our banks? (well at least in terms you understand). This is one of the stories the press and media seems to ignore, any guesses why?
The best “insurance” for your wealth:
Gold and silver started making its historic run almost 12 years ago and since that time we have seen massive bank failures, debt defaults, Ponzi schemes on a grand scale, terrorism on a grand scale, unprecedented political bickering, war etc…etc… Over this period of time we have seen many people (sometimes going against their own reason and logic) make their first ever gold or silver bullion purchase. The idea of buying gold and silver bullion and putting it away for safe keeping made about as much sense to some as swimming in the shark tank at Sea World. Many of these investors today have admitted they were a little unsure about investing in gold and silver bullion but were intrigued by its track record. (little did they know at the time their “bullion” would outperform every investment they had)
But times do change and today there are conversations all over the world about the dollar being replaced as the global reserve currency. There are conversations about another recession deeper than any other in history. We are now in a situation where entire nations have defaulted on their debt obligations and there is fear that many more could also soon default. Suddenly, a private physical position in gold or silver bullion makes more sense. As the financial insiders and central banks have quietly been stock piling gold and silver bullion, the average investor is just now starting to realize that unless he or she has a sizable position in metals, the chances of making it through this crisis are slim.
Certified gold and silver bullion coins and bars are an excellent way to protect wealth. When you convert a portion of your hard earned dollars into certified gold and silver bullion products from the United States Mint as well as a few select others, you are putting a percentage of your wealth in a place where inflation, debt defaults and bank defaults cannot harm you. Gold and silver bullion is “exempt” from bankruptcy and can never be worth zero – guaranteed! Gold and silver bullion knows no nationality and is liquid everywhere on the planet. Many of our customers have revealed to us that the privacy aspect and being completely in control of the asset gives them piece of mind that other investments do not.
“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
Ronald Reagan
Scott Hage
President
Midwest Bullion Exchange, Inc.
Disclaimer: Midwest Bullion Exchange, Inc. is a precious metals broker/dealer and is not a licensed investment adviser. Although we strongly advocate programs that allow you to hold precious metals in your retirement, we cannot predict the future performance of precious metals or programs that allow precious metals. Furthermore, we recommend that you consult with a professional tax adviser when making decisions that carry tax liabilities. Midwest Bullion Exchange, Inc. reserves the right to decline services to individuals after it has been determined the products and services offered by Midwest Bullion Exchange, Inc. are not suitable for the individual. The author has made every effort to ensure accuracy of information provided; however, neither Midwest Bullion Exchange, Inc., nor the author can guarantee complete accuracy. This article is for informational purposes only. Midwest Bullion Exchange, Inc. and the author of this article do not accept any fault for losses and/or damages arising from the use of this publication
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